[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-46110-en":3,"doc-seo-46110-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},46110,2336464648746,"Skyler","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Foreign Direct Investment and the World Economy","Foreign Direct Investment connects economic development and globalization by transferring scarce capital and technology from rich to poor countries. The book sets “integration” as the test of whether FDI helps convergence in per-capita incomes across countries. Critical assessments show negative results: strong forces drive FDI toward select destinations and investors tend to follow one another, improving effects mainly where flows are already favorable. In other regions, weaker flows mean FDI follows rather than leads development.","Foreign Direct Investment and the World Economy  \nForeign Direct Investment (FDI) occupies a special place in the connection between economic development and globalization. FDI brings scarce capital and technology from rich to poor countries. The prospect is enticing: companies in rich countries can earn high returns while accelerating growth in poor countries. In the capital-hungry nations of the developing world, the possibilities appear endless. But is that how it works in practice?  \nForeign Direct Investment and the World Economy posits that the real test of“integration” should be whether FDI has helped the convergence of per capita incomes across countries. In a series of papers, Ashoka Mody and several expert co-authors critically assess the extent to which FDI is, in this sense,“integrating” the world economy. The findings are negative. The forces driving FDI are strong and they lead FDI to flow to select, attractive destinations; this selectivity is reinforced by the tendency of investors to follow eachother. In such settings, FDI appears to have its most beneficial effects. Elsewhere, however, the flows of FDI are weaker and so too are the benefits, and in this FDI follows rather than leads the development process.  \nAshoka Mody is Assistant Director at the European Department, International Monetary Fund.  \nRoutledge Studies in the Modern World Economy  \n1 Interest Rates and Budget Deficits  \nA study of the advanced economies Kanhaya L. Gupta and Bakhtiar Moazzami  \n2 World Trade after the Uruguay Round  \nProspects and policy options for the twenty-first century  \nEdited by Harald Sander and András Inotai  \n3 The Flow Analysis of Labour Markets  \nEdited by Ronald Schettkat  \n4 Inflation and Unemployment  \nContributions to a new macroeconomic approach  \nEdited by Alvaro Cencini and Mauro Baranzini  \n5 Macroeconomic Dimensions of Public Finance  \nEssays in honour of Vito Tanzi Edited by Mario I. Blejer and Teresa M. Ter-Minassian  \n6 Fiscal Policy and Economic Reforms  \nEssays in honour of Vito Tanzi Edited by Mario I. Blejer and Teresa M. Ter-Minassian  \n7 Competition Policy in the Global Economy  \nModalities for co-operation  \nEdited by Leonard Waverman, William S. Comanor and Akira Goto  \n8 Working in the Macro Economy  \nA study of the US labor market Martin F. J. Prachowny  \n9 How Does Privatization Work?  \nEdited by Anthony Bennett  \n10 The Economics and Politics of International Trade  \nFreedom and trade: Volume II Edited by Gary Cook  \n11 The Legal and Moral Aspects of International Trade  \nFreedom and trade: Volume III  \nEdited by Asif Qureshi, Hillel Steiner and Geraint Parry  \n12 Capital Markets and Corporate Governance in Japan, Germany and the United States  \nOrganizational response to market inefficiencies  \nHelmut M. Dietl  \n13 Competition and Trade Policies  \nCoherence or conflict Edited by Einar Hope  \n14 Rice  \nThe primary commodity  \nA. J. H. Latham  \n15 Trade, Theory and Econometrics  \nEssays in honour of John S. Chipman Edited by James C. Moore, Raymond Riezman and James R. Melvin  \n16 Who Benefits from Privatisation?  \nEdited by Moazzem Hossain and Justin Malbon  \n17 Towards a Fair Global Labour Market  \nAvoiding the new slave trade  \nOzay Mehmet, Errol Mendes and Robert Sinding  \n18 Models of Futures Markets  \nEdited by Barry A. Goss  \n19 Venture Capital Investment  \nAn agency analysis of UK practice Gavin C. Reid  \n20 Macroeconomic Forecasting  \nA sociological appraisal Robert Evans  \n21 Multimedia and Regional Economic Restructuring  \nEdited by Hans-Joachim Braczyk, Gerhard Fuchs and Hans-Georg Wolf  \n22 The New Industrial Geography  \nRegions, regulation and institutions Edited by Trevor J. Barnes and Meric S. Gertler  \n23 The Employment Impact of Innovation  \nEvidence and policy  \nEdited by Marco Vivarelli and Mario Pianta  \n24 International Health Care Reform  \nA legal, economic and political analysis Colleen Flood  \n25 Competition Policy Analysis  \nEdited by Einar Hope  \n26 Culture and Enterprise  \nThe d","cbCaii80IkfYnSs6","https://ap.wps.com/l/cbCaii80IkfYnSs6","pdf",2322118,6,1,271,"English","en",105,"# Foreign Direct Investment and the World Economy\n# Integration and Income Convergence\n## FDI Selectivity and Investor Follow-the-Leader Effects\n## When FDI Leads vs Follows Development\n# International Monetary Fund Affiliation\n# Routledge Studies in the Modern World Economy\n## Selected Volumes and Themes","[{\"question\":\"What criterion does the book use to evaluate “integration” from FDI?\",\"answer\":\"It evaluates integration by whether FDI has helped convergence of per-capita incomes across countries.\"},{\"question\":\"What do the findings say about FDI’s effect on income convergence?\",\"answer\":\"The findings are negative: FDI does not broadly drive convergence across countries.\"},{\"question\":\"Why does FDI tend to flow to select destinations?\",\"answer\":\"Strong driving forces channel FDI to attractive locations, reinforced by investors tending to follow each 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